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EMBASSY OF SRI LANKA, RIYADH - TRADE
The Commercial Section of the Embassy geared to strengthen business relations between Sri Lanka and Saudi Arabia by promoting bilateral trade, investment and commercial exchanges.
To facilitate this it provides a wide range of business related following services,
* Identification of market opportunities
* Servicing trade inquires
* Providing guidance of trade channels and trade information
* Conducting Market Research
* Organizing Sri Lanka's Participation in trade fairs and exhibition
* Organizing inward and outward trade missions and visits
* Assist in the resolution of trade complaints and disputes
TRADE RELATIONS:
Trade Relations between Saudi Arabia and Sri Lanka has a long History .Saudi Arabia is Sri Lanka's 20th Trading Partner in year 2006. The following table indicates the value of bilateral trade over the last five years.
| YEAR |
Sri Lanka’s Exports |
Sri Lanka’s Imports |
Total TradeTurn Over |
Balance of Trade |
| 2002 |
30.27 |
155.75 |
186.02 |
125.48 |
| 2003 |
29.96 |
75.33 |
105.29 |
88.78 |
| 2004 |
30.84 |
119.62 |
150.46 |
88.78 |
| 2005 |
37.96 |
129.28 |
167.24 |
91.32 |
| 2006 |
28.78 |
165.05 |
193.83 |
136.27 |
Major Exports from Sri Lanka:
Tea, Desiccated Coconuts, Rubber Tyres, Apparel & Clothing Accessories, Vegetables (Fresh or Chilled), Foliage
Major Imports to Sri Lanka:
Petroleum Oils, Other Kerosene, Polyethlene, Urea, Copper wire, Lights Oil & Preparations, Glass & Glassware
EMBASSY OF SRI LANKA, RIYADH - INVESTMENT
More than 1500 transnational companies have invested in Sri Lanka last few years. Because Sri Lanka,
* is ranked as the most liberalized economy in South Asia.
* allow duty free import of raw materials and machinery .
* offers an abundant supply of highly trainable workers.
* permitted to repatriate 100% their profits
* Exempted from most of the exchange control regulations
Potential Areas for Investment
* Tourism, Recreation & Leisure
* Ceramic Industries
* Information Technology
* Textiles, Garments & Accessories
* Agriculture & Agro Processing Projects
* Mining & Processing
* Manufacture of non traditional goods
* Electronics
* Gems & Jewellery
* Light Engineering
Information on investment opportunities is available from www.boi.lk (Board of Investment in Sri Lanka)
Other Important Trade Links
Department of Commerce in Sri Lanka-
(www.doc.gov.lk)
Sri Lanka Custom-
( www.customs.gov.lk )
Export Development Board of Sri Lanka-
(www.srilankabusiness.com)
Sri Lanka Tea Board -
(www.pureceylontea.com)
Coconut Development Authority-
(www.cda.lk)
Department of Export Import Control -
(www.imexport.gov.lk)
Sri Lanka Standard Institute-
(www.slsi.lk)
Sri Lanka Ports Authority -
(www.slpa.lk)
Sri Lanka Handicrafts Board-
(www.laksala.lk)
Joint Apparel Association Forum-
(www.jaafsl.com )
Sri Lanka Registration of Companies-
( www.drc.gov.lk)
Federation of Chamber Commerce & Industry -
(www.fccisl.lk)
Ceylon Chamber of Commerce-
(www.chamber.lk)
National Chamber of Commerce -
(www.nccsl.lk)
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